FuelCell Energy (FCEL) to Release Earnings on Thursday

FuelCell Energy (NASDAQ:FCEL) is expected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($1.55) per share and revenue of $35.37 million for the quarter.

FuelCell Energy Trading Up 11.2 %

Shares of FCEL stock opened at $5.88 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. The company has a market cap of $124.33 million, a price-to-earnings ratio of -0.74 and a beta of 3.36. The stock has a 50 day simple moving average of $8.55 and a 200-day simple moving average of $10.11. FuelCell Energy has a 1-year low of $5.12 and a 1-year high of $37.50.

Wall Street Analysts Forecast Growth

FCEL has been the subject of several recent research reports. UBS Group reduced their price objective on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. TD Cowen increased their price objective on FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Jefferies Financial Group reduced their price objective on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 price objective on shares of FuelCell Energy in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.23.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.